This is a binomial distribution.
p = 0.71, q = 1 - p = 1 - 0.71 = 0.29, n = 20
P(x ≤ 19) =1 - P(x = 20) = 1- 20C20 x (0.71)^(20 - 20) x (0.29)^20 = 1 - 0.29^20 = 1 - 0 = 1
-- Each has 4 sides.
-- Opposite sides of each are parallel.
-- Opposite sides of each have equal length.
-- Interior angles of each sum to 360 degrees.
-- Each is a special case of parallelogram.
-- Each has all interior angles equal.
-- Area of either one is (length) x (width).
Short-term investments characteristics are:
- More affected by rapid market changes.
- Taxed at a higher rate.
- Subject to more transaction fees.
- Incurs more annual brokerage fees.
<h3>What are Long-Term Investments?</h3>
Others are:
Long-term investments characteristics are:
- Carries the risk of higher inflation.
Long-term investments are known to be a kind of assets that people or a firm intends to keep for a long period of time that is usually more than three years.
Note that Long-term investors usually take on a high degree of risk when one is said to be after higher returns.
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If you could post the picture I can help
